Axmin builds Passendro resource
Axmin (AXM-V, AXMIF-O) has been drilling non-stop at its Passendro gold project in the Central African Republic since the beginning of 2005 and its efforts are starting to pay off with a 17% boost in …
Articles by Northern Miner Staff
Looming Vale-Xstrata mega-merger shelved — for now
The thirteenth trading week of 2008, ending March 29, saw resource stocks adjust to wildly fluctuating bullion and financial markets as investors jumped around looking for safety and a hedge against U…
Brett signs Hammond Reef deal
VANCOUVER — An agreement signed with Kinross Gold (K-T, KGC-N) will allow Brett Resources (BBR-V, BBRRF-O) to earn 100% of the Hammond Reef gold project, in northwestern Ontario, from its joint-ventu…
People (April 07, 2008)
Alcoa– Donna Dabney appointed VP.
Hockey night in the mining industry
The crowd cheers and stock market discussions fade to a gentle murmur, the sound of skates cutting the ice resonating throughout the arena. Tension builds as the players take to their positions on the…
U. S. MARKETS MARCH 25-31
Signs that the credit market crisis may finally be unwinding buoyed markets in the U. S. over the March 25-31 trading session. With the companies hit hardest by the crisis beginning to see better fina…
LME WAREHOUSE LEVELS (April 07, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, April 1, 2008 (change from March 11 in brackets):
Barrick ups investment in Papua New Guinea (April 07, 2008)
Just weeks after Allied Gold (AGLD-L ALD-A) poured the first gold from its Simberi project on Simberi Island off the northern coast of Papua New Guinea, the Australian miner has signed a deal with Can…
TSX VENTURE EXCHANGE MARCH 25-31
After a few tumultuous weeks, the S&P-TSX Venture Composite Index managed to post a gain in the final week of March, rising 35.81 points over the March 25-31 trading session to close at 2,617.56. …
LENDING RATES (April 07, 2008)
as of 9 a. m. ET, April 1, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.50 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
Miners give Ontario budget thumbs up
Tax cuts, government spending and investment could herald a good year for the province’s mining industry in light of Ontario’s 2008 budget.
Serengeti jumps on hot hole at Kwanika (April 07, 2008)
VANCOUVER — Serengeti Resources (SIR-V, SGRNF-O) pulled a long, strong intercept from its Kwanika copper-gold-silver project in central British Columbia and investors took note, boosting the company’…